Can I retire at age 74 with 775,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $775,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$63,999$63,429$62,873$62,330$61,800$59,774
2 years$31,683$31,093$30,521$29,966$29,428$27,406
3 years$20,912$20,319$19,749$19,200$18,671$16,716
4 years$15,528$14,937$14,372$13,832$13,316$11,444
5 years$12,298$11,711$11,153$10,624$10,123$8,339
6 years$10,145$9,563$9,014$8,496$8,010$6,315
7 years$8,609$8,031$7,490$6,985$6,514$4,908
8 years$7,456$6,884$6,352$5,860$5,404$3,886
9 years$6,561$5,994$5,471$4,991$4,551$3,118
10 years$5,845$5,283$4,770$4,303$3,878$2,529
11 years$5,259$4,703$4,199$3,745$3,335$2,067
12 years$4,772$4,221$3,727$3,284$2,890$1,701
13 years$4,359$3,815$3,330$2,900$2,520$1,406
14 years$4,006$3,468$2,992$2,574$2,209$1,167
15 years$3,701$3,168$2,701$2,296$1,945$972
16 years$3,434$2,906$2,449$2,055$1,719$812
17 years$3,198$2,677$2,229$1,847$1,524$680
18 years$2,989$2,473$2,034$1,664$1,355$570
19 years$2,802$2,292$1,862$1,504$1,208$479
20 years$2,634$2,130$1,709$1,362$1,079$403
21 years$2,482$1,984$1,572$1,236$966$339
22 years$2,344$1,852$1,449$1,124$866$286
23 years$2,219$1,732$1,338$1,024$777$241
24 years$2,104$1,623$1,237$934$698$203
25 years$1,998$1,523$1,146$853$628$172
26 years$1,901$1,431$1,063$780$566$145
27 years$1,811$1,347$987$714$510$123
28 years$1,727$1,269$917$654$460$104
29 years$1,650$1,198$854$600$416$88
30 years$1,578$1,131$795$550$376$74
31 years$1,510$1,069$741$505$340$63
32 years$1,447$1,012$692$464$307$53
33 years$1,388$958$646$427$278$45
34 years$1,332$908$603$393$252$38
35 years$1,280$861$564$362$228$32
36 years$1,231$817$528$333$207$27
37 years$1,184$776$494$307$187$23
38 years$1,140$738$463$283$170$19
39 years$1,099$702$433$261$154$16
40 years$1,060$667$406$241$140$14
41 years$1,022$635$381$222$127$12
42 years$987$605$357$205$115$10
43 years$953$577$335$189$104$8
44 years$921$550$315$175$95$7
45 years$890$524$296$161$86$6
46 years$861$500$278$149$78$5
47 years$833$477$261$138$71$4
48 years$807$455$245$127$64$4
49 years$781$435$230$118$58$3
50 years$757$415$217$109$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $775,000, adding $4,702 every year, while hoping to spend $53,356 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 60/34/6 Blend
73$775,000$775,000$775,000$775,000
74$858,900$817,825$805,813$909,171
75$889,738$801,128$776,037$926,681
76$921,932$781,825$743,476$939,207
77$955,566$759,731$707,979$951,512
78$990,728$734,652$669,390$963,575
79$1,027,513$706,381$627,546$975,377
80$1,066,027$674,701$582,276$986,897
81$1,106,380$639,380$533,401$998,118
82$1,148,696$600,174$480,735$1,009,020
83$1,193,106$556,826$424,082$1,019,587
84$1,239,753$509,061$363,240$1,029,805
85$1,288,795$456,592$297,995$1,039,661
86$1,340,401$399,114$228,127$1,049,145
87$1,394,755$336,303$153,402$1,058,249
88$1,452,058$267,821$73,579$1,066,970
89$1,512,531$193,306$0$1,075,311
90$1,576,410$112,380$0$1,084,019
91$1,643,958$24,641$0$1,097,439
92$1,715,459$0$0$1,110,894
93$1,791,223$0$0$1,150,743
94$1,871,590$0$0$1,202,823
95$1,956,930$0$0$1,258,158
96$2,047,650$0$0$1,317,016
97$2,144,194$0$0$1,379,688
98$2,247,047$0$0$1,446,496
99$2,356,741$0$0$1,517,789
100$2,473,860$0$0$1,593,953